Ko-bolt

Blog

Welcome to our resource hub

Here you will find the latest news from Ko-bolt and the wider industry together with information on how you can tackle late payment and reduce bad debt.

fraud prevention, debt collection, debt collector, Reduce Bad Debt

When should I use a debt collection agency?

Unfortunately late payment is a problem faced by businesses of all shapes and sizes everyday, and the current economic environment is only making things worse. You may be following all of the strategies we’ve mentioned in earlier blogs, but customers

Read More »
commercial fraud, Reduce Bad Debt

How to spot commercial fraud

Commercial Fraud is on the rise and the annual cost to the UK economy is estimated to be £190bn per annum (according to the National Crime Agency). Criminals are very good at fooling even the most seasoned credit manager and

Read More »
how does Commercial Debt Recovery work, Reduce Bad Debt

How does commercial debt recovery work?

It’s no secret that United Kingdom has a poor payment culture. 62% of small businesses have been subject to late or frozen payments in the wake of COVID-19, according to a report published by the FSB.  A commercial debt recovery

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cash flow, business growth, fraud prevention, debt collection, debt collector, Reduce Bad Debt

Switch On Your Cash Flow Guide

“What started as a hobby turned into 3 months worth of writing the epitome of credit management.” During the Christmas break of 2020, I was thinking about COVID-19’s impact on the economy and particularly cash flow. I can trace that

Read More »
Fraud Prevention, Reduce Bad Debt

Introducing Ko-bolt Prevent

Introducing Ko-bolt Prevent – Tackling the silent problem of long-term fraud The global pandemic has affected all businesses, but there’s been a silent problem developing which was set in motion way before the word COVID was uttered, long-term fraud. Long-term

Read More »
fraud prevention, debt collection, debt collector, Reduce Bad Debt

When should I use a debt collection agency?

Unfortunately late payment is a problem faced by businesses of all shapes and sizes everyday, and the current economic environment is only making things worse. You may be following all of the strategies we’ve mentioned in earlier blogs, but customers … Read More

commercial fraud, Reduce Bad Debt

How to spot commercial fraud

Commercial Fraud is on the rise and the annual cost to the UK economy is estimated to be £190bn per annum (according to the National Crime Agency). Criminals are very good at fooling even the most seasoned credit manager and … Read More

how does Commercial Debt Recovery work, Reduce Bad Debt

How does commercial debt recovery work?

It’s no secret that United Kingdom has a poor payment culture. 62% of small businesses have been subject to late or frozen payments in the wake of COVID-19, according to a report published by the FSB.  A commercial debt recovery … Read More

cash flow, business growth, fraud prevention, debt collection, debt collector, Reduce Bad Debt

Switch On Your Cash Flow Guide

“What started as a hobby turned into 3 months worth of writing the epitome of credit management.” During the Christmas break of 2020, I was thinking about COVID-19’s impact on the economy and particularly cash flow. I can trace that … Read More

Fraud Prevention, Reduce Bad Debt

Introducing Ko-bolt Prevent

Introducing Ko-bolt Prevent – Tackling the silent problem of long-term fraud The global pandemic has affected all businesses, but there’s been a silent problem developing which was set in motion way before the word COVID was uttered, long-term fraud. Long-term … Read More

insolvent debt, Reduce Bad Debt

COVID‐19 expected to double unpaid business debt to £8.6 BILLION

According to data from Red Flag Alert, UK bad debt is set to spike following the recent restrictions imposed and rise further in 2021. According to an article by Red Flag Partner, Mark Halstead, it’s likely that economic disruption caused … Read More

Paid invoice, Reduce Bad Debt

How to effectively manage credit and late payments

On average, larger business wait 53-55 days for payment. While SMEs wait, on average, more than 60 days to get paid. Could your business afford to wait this long for payment? Unlike larger companies and corporations that may have the … Read More

fraud prevention, debt collection, debt collector, Reduce Bad Debt

We have moved!

Exciting news – We have moved! Due to our continued success 🚀, we have moved to The Business Terrace in Maidstone. This space will enable us to continue our growth and our mission to help more businesses to overcome the … Read More

fraud prevention, debt collection, debt collector, Reduce Bad Debt

Why debt recovery is critical in a time of pandemic

Although most SME business owners are rightly focused on plans, growth, staff, revenue, and profits, they often forget about effective credit management. The truth is that even in the best of times, most business owners should be thinking more about … Read More

fraud prevention, debt collection, debt collector, Reduce Bad Debt

Industry Update – Changes to debt collection letters

The Treasury has announced that debt collection letters sent by creditors and collections companies are to change to include ’less threatening’ terms and simpler language for customers. On October 7th, the government proposed new rules which will see the Treasury … Read More